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Input tax credit under GST - complications vis-à-vis payments to suppliers


Third proviso to Section 16 of the CGST Act, 2017

Dear Sir,

Third proviso to Sec. 16(2) of the Act provides that -

"Provided also that the recipient shall be entitled to avail of the credit of input tax on payment made by him of the amount towards the value of supply of goods or services or both along with tax payable thereon."

Will not this provision be sufficient for re-availment of ITC (on payment made to the supplier), where the credit has been reversed on account of 2nd proviso to sec. 16(2) i.e. due to non-payment.

Request you to clarify.

Best Regards,
Vivek Bapat

Vivek Bapat 23/05/2017

 

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